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WTI Crude Oil The Week Ahead 24th March '25WTI Crude Oil bearish & oversold, the key trading level is at 69.50 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
WTI CRUDE OIL: Hard rebound on 1.5 year support targeting $72.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.748, MACD = -1.080, ADX = 23.603), which indicates the slow transition from a bearish trend to bullish. This started when the price hit the S1 level, a 1.5 year Support, and bottomed. The slow rebound that we're having since formed a Channel Up on a bullish 1D RSI, much like the one in September 2024, which eventually peaked after a +10.70% price increase. A similar rebound is expected to test the 1D MA200. The trade is long, TP = 72.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
USOil The Final dealBased on current market conditions, we predict an upward movement for USOil. The first resistance level is set at 69.000. This level has proven to be a significant hurdle in previous price actions, with selling pressure often emerging as the price approaches it. However, given the current positive momentum, there's a strong likelihood of breaking through this resistance.​ On the downside, the primary support level stands at 67.000. This level has been tested multiple times and has held firm, acting as a floor for the price. Below this, we have a second support at 66.500. This secondary support is crucial as it provides an additional buffer against significant price drops. If the price manages to stay above the 67.000 support, the upward trend is likely to continue towards the 69.000 resistance and potentially beyond.​ 💎💎💎USOil 💎💎💎 🎁 Buy@67.500 - 67.700 🎁 TP 68.800 - 69.000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:USOILLong
by BenGray9
1
USOIL Market Analysis and Tactical InsightsCurrently, USOIL is trading around $67 per barrel. On the supply side, while OPEC+ plans to increase production, ongoing geopolitical tensions in the Middle East are adding supply uncertainties. On the demand side, U.S. fuel demand remains resilient, but the subdued global economic outlook may limit crude oil demand growth. Technically, the daily chart shows moving averages in a bearish alignment, though the short - term RSI suggests relative market strength. If the price rebounds and faces resistance near $67.9, consider a light short with a target of $66. If the price stabilizes around $66, a long could be considered, with a target of $67. USOIL Trading Strategy sell@67.5-68 tp:66 buy@66 tp:67 I will share trading signals daily. All signals have been consistently accurate for an entire month. If you need them, you can check my profile for more information.
TVC:USOILShort
by JohnGonzalez7
WTI Crude Oversold bounce back consolidationThe WTI Crude Oil price action exhibits a bearish sentiment, driven by the prevailing downtrend. The recent price movement appears to be an oversold bounce back, forming a bearish sideways consolidation pattern. This indicates that the bears remain in control, with limited buying interest observed despite the temporary upward correction. Key Level (69.52): The critical trading level to watch is at 69.52, which marks the previous intraday consolidation zone. An oversold rally approaching this level could face bearish rejection, reinforcing the downtrend. A failure to break above this zone would likely prompt a continuation of the downside movement. Support Levels: If the bearish sentiment prevails and the price is rejected from the 69.52 level, the downside targets include: 67.00 - Immediate support level. 65.73 - Secondary support. 64.23 - Long-term support level. Bullish Scenario: On the flip side, a confirmed breakout above the 69.52 resistance level, followed by a daily close above it, would negate the bearish outlook. This breakout could trigger further upward momentum, targeting: 70.42 - Initial resistance post-breakout. 71.02 - Subsequent resistance level. Conclusion: While the overall trend remains bearish, an oversold bounce could temporarily push prices higher toward the 69.52 resistance level. Traders should watch for potential rejection or a confirmed breakout at this level to gauge the next directional move. A failure to break above 69.52 would favor bearish continuation, while a breakout and daily close above would open the door for further bullish rallies.
TRADENATION:WTI
by TradeNation
Crude oil can break the neckline of current formationCrude oil has developed the upswing having hit the neckline of cup-and-handle formation. Currently, the price action is muted, but should the price come to test this area again, it might develop the upswing with a target of $70, as it is still considered a fair price from a supply/demand point of view. OPEC+ has announced plans for several member countries to reduce output by between 189,000 and 435,000 barrels per day until June 2026 to address previous overproduction and tighten supply, so that’s a bullish factor. Demand from China has slightly decreased, but the situation looks balanced for now and technical factor would probably dominate the action.
TVC:USOILLong
by Stanislav_Bernukhov_Exness
Long Idea WTI Crude Oil ($USOIL) – Liquidity Grab🟢 Bullish Scenario (Main Idea): This setup aligns with Smart Money Concepts (SMC), order flow, and liquidity principles—expecting a manipulation move before the real trend resumes. Waiting on a new ICHOCH to form to valiadte this trade idea. With A Potential move into the demand zone (marked as liquidity area). Wait for confirmation after the liquidity grab, for entries a move away from the liquidity box is preferred. Enter long positions targeting the weekly level at $68.87, followed by $69.33 and beyond. Stop-loss below the liquidity zone for a tight risk-to-reward ratio.
FX:USOILLong
by BlakqGold
OIL Today's strategyCurrently, crude oil prices are fluctuating near the resistance level. Recently, the increase in US crude oil inventories has affected the supply dynamics and exerted certain pressure on oil prices. However, overall, the geopolitical tensions and supply risks have a relatively significant supporting effect on oil prices at present. OIL Today's strategy sell@68.5-68.8 buy:67.2-67.6 There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, It can also better expand profits and reduce losses
TVC:USOIL
by HenryClarke
2